Everi Holdings Inc (EVRI) Director Eileen F. Raney Acquires 14,000 Shares
Everi Holdings Inc (NYSE:EVRI) Director Eileen F. Raney acquired 14,000 shares of the business’s stock in a transaction on Tuesday, May 16th. The stock was acquired at an average price of $6.73 per share, with a total value of $94,220.00. Following the transaction, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $336,500. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Everi Holdings Inc (NYSE:EVRI) traded down 3.95% on Wednesday, hitting $6.56. The stock had a trading volume of 746,839 shares. The company’s 50-day moving average price is $5.91 and its 200 day moving average price is $3.60. The firm’s market cap is $433.56 million. Everi Holdings Inc has a 12-month low of $1.13 and a 12-month high of $7.26.
Everi Holdings (NYSE:EVRI) last posted its quarterly earnings data on Tuesday, May 9th. The credit services provider reported ($0.05) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.09. Everi Holdings had a negative return on equity of 4.76% and a negative net margin of 14.04%. The company had revenue of $237.50 million for the quarter, compared to the consensus estimate of $235.41 million. During the same quarter in the previous year, the business earned ($0.20) EPS. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. On average, equities research analysts forecast that Everi Holdings Inc will post ($0.30) earnings per share for the current fiscal year.
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Hedge funds have recently bought and sold shares of the company. Bank of America Corp DE increased its stake in Everi Holdings by 7,800.0% in the first quarter. Bank of America Corp DE now owns 23,463 shares of the credit services provider’s stock worth $112,000 after buying an additional 23,166 shares in the last quarter. Two Sigma Investments LP purchased a new stake in Everi Holdings during the fourth quarter worth approximately $130,000. Wells Fargo & Company MN increased its stake in Everi Holdings by 118.4% in the third quarter. Wells Fargo & Company MN now owns 63,451 shares of the credit services provider’s stock worth $157,000 after buying an additional 34,404 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in Everi Holdings during the first quarter worth approximately $160,000. Finally, Hillsdale Investment Management Inc. purchased a new stake in Everi Holdings during the first quarter worth approximately $169,000. 57.81% of the stock is currently owned by institutional investors.
EVRI has been the subject of several research analyst reports. Telsey Advisory Group upgraded Everi Holdings from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $2.50 to $6.00 in a research report on Wednesday, March 15th. Craig Hallum upgraded Everi Holdings from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a research report on Wednesday, March 15th. Zacks Investment Research upgraded Everi Holdings from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a research report on Friday, March 17th. Finally, Stifel Nicolaus increased their price objective on Everi Holdings from $6.50 to $7.50 and gave the stock a “buy” rating in a research report on Wednesday, May 10th.
Everi Holdings Company Profile
Everi Holdings Inc is a holding company. The Company operates through subsidiaries, including Everi Games Holding Inc (Everi Games Holding) and Everi Payments Inc (Everi Payments or Payments). The Company operates through two segments: Games and Payments. The Company provides video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions, and compliance and efficiency software.
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